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Department Profile The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. Morgan Stanley aligns its municipal investment banking, underwriting, sales, trading, lending, and M&A advisory in one integrated organizational group under the umbrella of the Municipal Securities Division.
Background on the Team Within Municipal Securities, the Syndicate / Debt Capital Markets team is made up of a group of experienced municipal market professionals focused on providing exceptional marketing and execution services to the full complement of our clients.
Within this multi-faceted group, the Associate will concentrate on the marketing of municipal new issue to both clients and internal stakeholders to broaden distribution and enhance connectivity with the universe of municipal investors. The role will also focus on designing and implementing innovative data-driven approaches needed to support new issue structures/pricing levels and track investor feedback ahead of transaction executions.
Qualified Associate candidates will benefit from unique exposure to the municipal market through underwriting and structuring activities. These include the marketing and execution of municipal new issue deals. Qualified candidates will work with Public Finance investment bankers, internal risk functions, municipal issuers, investors, sales, trading, and other capital markets professionals.
Primary Responsibilities - Provide the analytical, quantitative and operational support necessary to execute bespoke financing structures
- Develop and maintain marketing materials for existing and new product offerings that appropriately reflect current marketing conditions
- Work closely with Public Finance bankers and the salesforce force to identify both client needs and design structures to meet those needs
- Develop and participate in presentations to municipal and not-for-profit borrowers, as well as domestic and international institutional investors
- Work and collaborate with other syndicate desks at Morgan Stanley and externally
Qualifications- Undergraduate degree
- Developed understanding of the municipal market
- Experience in municipal public finance, debt capital markets or another applicable structured finance/fixed income role
- Strong analytical and quantitative skills with advanced proficiency in Microsoft Excel and PowerPoint
- Experience with programming languages such as Python or VBA are a plus
- Excellent communication and presentation skills - written and verbal
- Curious, inquisitive, collaborative, attention to detail, analytical, self-starting, team-oriented
- Eager to use new technologies to enhance traditional municipal syndicate job functions
- Ability to perform in a fast-paced, dynamic environment and simultaneously manage multiple high priority projects
WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
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Expected base pay rates for the role will be between $150,000 and $200,000 per year commencement of employment for Associate. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
